Spot prices at a glance (June 25, 1990)
Week’s Price (US) Change Gold* $347.05 — $5.95 Silver* $4.82 — $0.17 Platinum* $473.00 — $11.40 Nickel** $3.88 + $0.09 Lead** $0.38 + $0.01 Copper- $1.15 — $0.01 Zinc $0.77 + $0.01 Courtesy of Sco…
News
MAC to adopt product stewardship approach
The 100 members of the Mining Association of Canada (MAC) will be taking on added responsibilities for protecting the natural environment under its new Chairman Keith Hendrick. He is also president of…
High River funding
Inco Gold, a unit of Inco (TSE), recently purchased 995,985 flow- through shares of High River Gold Mines (VSE), pursuant to the exercise of the same number of flow- through warrants issued last year …
The golden rule about gold reserves
In my father’s youth, gold coins were part of normal circulation. There were real silver coins too, with relatively few paper banknotes and bills. The First World War put an end to gold coins in circu…
Producers set to take over Lake Ponask
Shareholders of Producers Group, a private company, will take control of Lake Ponask Gold (TSE), according to a letter of intent signed by the two companies. As part of the deal, $285,540 of Lake Pona…
Golden Rule consolidates La Ronge joint ventures
Calgary-based Golden Rule Resources (TSE) has consolidated its ownership interests on various joint venture projects in the La Ronge gold belt of northern Saskatchewan. Earlier this year, the company …
Quebec prospector sued over claims
A Quebec prospector who was ruled to have registered claims under false pretenses several years ago in the province’s Sept Isles area has been sued successfully by the next person to register the clai…
PEOPLE USMX
Keith Hulley appointed president and chief executive officer, assuming these positions in mid-May.
Sikaman options off wollastonite property
Toronto-based Sikaman Gold Resources (TSE) stands to gain $6.3 million if options on its wollastonite property in Nevada are exercised. As part of an agreement with Sikaman, Vancouver-based Floray Hol…
BHP-Utah to explore Carlin Gold’s Oregon prospect
Having established a substantial property position in southeastern Oregon, Carlin Gold (ASE) recently announced a joint venture agreement with BHP- Utah International to explore an epithermal gold pro…
Gold Pan drilling
A drill program costing US$215,000 is scheduled to begin this month on Gold Pan Resources’ (VSE) Battle Mountain property under option to Billiton Minerals in Ladner Cty., Nev. The 32-claim property a…
Antimony values
Noront Resources (VSE) reported earlier this year intersecting values of stibnite (antimony-bearing mineral) at the Beaver Lake property in central Newfoundland. The drilling was performed as part of …